Stock futures pointed to a Tuesday opening jump in early morning trade, building on a steep rebound in the previous session.
At around 8 a.m. ET, futures for the Dow Jones Industrial Average jumped 762 points, pointing to a gain of more than 600 points at Tuesday’s open. S&P 500 futures and Nasdaq futures also pointed to strong opening gains.
“Investors chose to accentuate the positives, as they have been mostly doing since the bear-market low,” said Ed Yardeni, president and chief investment strategist at Yardeni Research, in a note to clients. “In our opinion, we are in the midst of a Great Rebalancing away from bonds and into stocks.”
WBC Price at posting:
$16.10 Sentiment: Buy Disclosure: Held
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